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  • NEWS
    Analysts agree VIP sector woes to remain for years to come

    Macau government sees gaming tax revenue fall 63.6% year-on-year in January

    lim kok thay

    Genting Malaysia asks staff to take further pay cuts on latest COVID-19 impact: report

    Scientific Games, Agilysys lead strong growth in AGEM Index in February

    Scientific Games, Agilysys lead strong growth in AGEM Index in February

    Sheldon Adelson

    Sands sells all Las Vegas assets, focus now on reinvestment in Asia

    Korea’s Paradise Co continues upward momentum in February

    Paradise Co continues to slide with February casino sales down 36.5% sequentially

    Imperial Pacific to “vigorously defend” exclusive gaming rights on Saipan

    Imperial Pacific likely to have casino license suspended following admission of multiple violations

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    • FEATURES
      Uneasy alliance

      Uneasy alliance

      Turning RG Japanese

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      2021: Japan IR – Crunch time part 2

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      Diving into digital

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      10 years ago: Many happy returns

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      RG and the  player journey

      RG and the player journey

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      • PEOPLE
        Home is where the heart is

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        Dave Smith: Smell of success

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        Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

        Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

        Creation theory

        Creation theory

        Paltronics announces passing of Stephen Cowan, much-admired Managing Director

        Paltronics announces passing of Stephen Cowan, much-admired Managing Director

        Dark days

        POST-COVID2: The most transformative business shock of our lifetimes

        Trending Tags

        • COLUMNISTS
          Gateway to Japan

          OPINION: Japan seeking its pound of flesh

          Memories of the man that was Sheldon Adelson

          Memories of the man that was Sheldon Adelson

          Big money

          A decade of differentiation

          A decade of differentiation

          How to set up for IR success

          How to set up for IR success

          Macau: Taking a sensible approach to responsible gaming

          Macau: Taking a sensible approach to responsible gaming

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          • TECH TALK
            Scientific Games granted approval for release of third Duo Fu Duo Cai game into Asia

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            Aristocrat launches new MarsX Portrait cabinet

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            Asia Pioneer Entertainment keeping up the pace in challenging times

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            Two more TVBET card games granted GLI certification

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            Scientific Games granted approval for latest Jin Ji Bao Xi game “Singing Cats”

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            • iGAMING
              TVBET expands through Alavara Digital partnership

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              Live-games integration as an effective marketing tool for increasing bets

              TVBET to enter the Montenegro iGaming market

              Manila restrictions ease as Duterte implements General Community Quarantine for National Capital Region

              Philippine police arrest eight alleged members of POGO-linked “kidnap for ransom” gang

              PAGCOR reveals substantial POGO revenue rise in 2018 as enforcement role defended

              Philippines court order preventing new 5% franchise tax could halt POGO exodus

              MGM Resorts looking to raise US$750 million via senior notes offering

              MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

              Evolution launches world’s first online live Craps game

              Evolution launches world’s first online live Craps game

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              • EVENTS
                Macau Wine & Dine returns this week with unique tasting event at Artyzen Grand Lapa Macau

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                Inside Asian Gaming names Portucau as venue for Macau After Dark 8 on 5 March 2021

                Inside Asian Gaming names Portucau as venue for Macau After Dark 8 on 5 March 2021

                Winter wonderland

                Clarion Gaming cancels this year’s ICE London

                AIGF leaders join SBC Digital India’s high-level speaker line-up

                AIGF leaders join SBC Digital India’s high-level speaker line-up

                Winter wonderland

                Alex Pratt, Stuart Hunter take the reins as ICE organizer Clarion Gaming announces management changes

                Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                Trending Tags

                • MACAU
                  Analysts agree VIP sector woes to remain for years to come

                  Macau government sees gaming tax revenue fall 63.6% year-on-year in January

                  4Q20 key metrics for Macau gaming companies

                  4Q20 key metrics for Macau gaming companies

                  Closing all borders not an option despite government order to shutter 41 Macau casinos for 15 days

                  Macau casinos to no longer require negative COVID-19 test result for entry

                  IAG welcomes sponsors and supporters ahead of Macau After Dark 8

                  IAG welcomes sponsors and supporters ahead of Macau After Dark 8

                  Occupancy rate of Macau hotels falls to 40.3% in January

                  Occupancy rate of Macau hotels falls to 40.3% in January

                  COVID-19 vaccine could be available by October after “world first” facility in Beijing granted production approval

                  Macau health authorities to focus on casino workers in second stage of vaccination rollout

                  Trending Tags

                  • JAPAN
                    Las Vegas Sands unlikely to return to Japan despite potential Tokyo lure

                    Japanese Minister says interest of foreign companies shows Japan’s IRs will be profitable

                    IAG Vice Chairman and CEO Andrew W Scott among speakers as Nagasaki hosts first symposium on international tourism HR development

                    IAG Vice Chairman and CEO Andrew W Scott among speakers as Nagasaki hosts first symposium on international tourism HR development

                    Gateway to Japan

                    Pixel Companyz reports US$8.8 million loss in FY20 but confident in revenue potential of Nagasaki IR

                    Pixel Companyz recruits Japanese Olympic gymnast Kohei Uchimura as ambassador for Nagasaki IR bid

                    Pixel Companyz recruits Japanese Olympic gymnast Kohei Uchimura as ambassador for Nagasaki IR bid

                    Akimoto arrested for fourth time in Japan IR bribery case

                    Trial of Japanese politician Tsukasa Akimoto on bribery charges set for 29 March

                    Lawrence Ho says Melco’s China ties will drive Japanese IR growth

                    Lawrence Ho says Melco still committed to Japan but looking for the “right opportunity”

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                      • Sri Lanka
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                      • Vietnam
                      Analysts agree VIP sector woes to remain for years to come

                      Macau government sees gaming tax revenue fall 63.6% year-on-year in January

                      lim kok thay

                      Genting Malaysia asks staff to take further pay cuts on latest COVID-19 impact: report

                      Scientific Games, Agilysys lead strong growth in AGEM Index in February

                      Scientific Games, Agilysys lead strong growth in AGEM Index in February

                      Sheldon Adelson

                      Sands sells all Las Vegas assets, focus now on reinvestment in Asia

                      Korea’s Paradise Co continues upward momentum in February

                      Paradise Co continues to slide with February casino sales down 36.5% sequentially

                      Imperial Pacific to “vigorously defend” exclusive gaming rights on Saipan

                      Imperial Pacific likely to have casino license suspended following admission of multiple violations

                      Trending Tags

                      • POWER 50
                        2020 Asian Gaming Power 50: Top of the World

                        Singapore Court of Appeals denies Bloomberry’s latest appeal in long-running battle with GGAM over terminated Solaire agreement

                        Power restored

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                        2020 Asian Gaming Power 50: Top of the World

                        2020 Asian Gaming Power 50: Top of the World

                        2020 Asian Gaming Power 50: Meet the panel

                        2020 Asian Gaming Power 50: Meet the panel

                        2020 Asian Gaming Power 50: Ones to watch

                        2020 Asian Gaming Power 50 list

                        2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                        2020 Asian Gaming Power 50: Number 1 – Francis Lui

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                        • NEWS
                          Analysts agree VIP sector woes to remain for years to come

                          Macau government sees gaming tax revenue fall 63.6% year-on-year in January

                          lim kok thay

                          Genting Malaysia asks staff to take further pay cuts on latest COVID-19 impact: report

                          Scientific Games, Agilysys lead strong growth in AGEM Index in February

                          Scientific Games, Agilysys lead strong growth in AGEM Index in February

                          Sheldon Adelson

                          Sands sells all Las Vegas assets, focus now on reinvestment in Asia

                          Korea’s Paradise Co continues upward momentum in February

                          Paradise Co continues to slide with February casino sales down 36.5% sequentially

                          Imperial Pacific to “vigorously defend” exclusive gaming rights on Saipan

                          Imperial Pacific likely to have casino license suspended following admission of multiple violations

                          Trending Tags

                          • FEATURES
                            Uneasy alliance

                            Uneasy alliance

                            Turning RG Japanese

                            Turning RG Japanese

                            2021: Japan IR – Crunch time part 2

                            2021: Japan IR – Crunch time part 2

                            Diving into digital

                            Diving into digital

                            10 years ago: Many happy returns

                            10 years ago: Many happy returns

                            RG and the  player journey

                            RG and the player journey

                            Trending Tags

                            • PEOPLE
                              Home is where the heart is

                              Home is where the heart is

                              Dave Smith: Smell of success

                              Dave Smith: Smell of success

                              Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

                              Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

                              Creation theory

                              Creation theory

                              Paltronics announces passing of Stephen Cowan, much-admired Managing Director

                              Paltronics announces passing of Stephen Cowan, much-admired Managing Director

                              Dark days

                              POST-COVID2: The most transformative business shock of our lifetimes

                              Trending Tags

                              • COLUMNISTS
                                Gateway to Japan

                                OPINION: Japan seeking its pound of flesh

                                Memories of the man that was Sheldon Adelson

                                Memories of the man that was Sheldon Adelson

                                Big money

                                A decade of differentiation

                                A decade of differentiation

                                How to set up for IR success

                                How to set up for IR success

                                Macau: Taking a sensible approach to responsible gaming

                                Macau: Taking a sensible approach to responsible gaming

                                Trending Tags

                                • TECH TALK
                                  Scientific Games granted approval for release of third Duo Fu Duo Cai game into Asia

                                  Scientific Games granted approval for release of third Duo Fu Duo Cai game into Asia

                                  Aristocrat launches new MarsX Portrait cabinet

                                  Aristocrat launches new MarsX Portrait cabinet

                                  Cat call

                                  Cat call

                                  Asia Pioneer Entertainment keeping up the pace in challenging times

                                  Asia Pioneer Entertainment keeping up the pace in challenging times

                                  Two more TVBET card games granted GLI certification

                                  Two more TVBET card games granted GLI certification

                                  Scientific Games granted approval for latest Jin Ji Bao Xi game “Singing Cats”

                                  Scientific Games granted approval for latest Jin Ji Bao Xi game “Singing Cats”

                                  Trending Tags

                                  • iGAMING
                                    TVBET expands through Alavara Digital partnership

                                    TVBET expands through Alavara Digital partnership

                                    Live-games integration as an effective marketing tool for increasing bets

                                    TVBET to enter the Montenegro iGaming market

                                    Manila restrictions ease as Duterte implements General Community Quarantine for National Capital Region

                                    Philippine police arrest eight alleged members of POGO-linked “kidnap for ransom” gang

                                    PAGCOR reveals substantial POGO revenue rise in 2018 as enforcement role defended

                                    Philippines court order preventing new 5% franchise tax could halt POGO exodus

                                    MGM Resorts looking to raise US$750 million via senior notes offering

                                    MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

                                    Evolution launches world’s first online live Craps game

                                    Evolution launches world’s first online live Craps game

                                    Trending Tags

                                    • EVENTS
                                      Macau Wine & Dine returns this week with unique tasting event at Artyzen Grand Lapa Macau

                                      Macau Wine & Dine returns this week with unique tasting event at Artyzen Grand Lapa Macau

                                      Inside Asian Gaming names Portucau as venue for Macau After Dark 8 on 5 March 2021

                                      Inside Asian Gaming names Portucau as venue for Macau After Dark 8 on 5 March 2021

                                      Winter wonderland

                                      Clarion Gaming cancels this year’s ICE London

                                      AIGF leaders join SBC Digital India’s high-level speaker line-up

                                      AIGF leaders join SBC Digital India’s high-level speaker line-up

                                      Winter wonderland

                                      Alex Pratt, Stuart Hunter take the reins as ICE organizer Clarion Gaming announces management changes

                                      Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                                      Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                                      Trending Tags

                                      • MACAU
                                        Analysts agree VIP sector woes to remain for years to come

                                        Macau government sees gaming tax revenue fall 63.6% year-on-year in January

                                        4Q20 key metrics for Macau gaming companies

                                        4Q20 key metrics for Macau gaming companies

                                        Closing all borders not an option despite government order to shutter 41 Macau casinos for 15 days

                                        Macau casinos to no longer require negative COVID-19 test result for entry

                                        IAG welcomes sponsors and supporters ahead of Macau After Dark 8

                                        IAG welcomes sponsors and supporters ahead of Macau After Dark 8

                                        Occupancy rate of Macau hotels falls to 40.3% in January

                                        Occupancy rate of Macau hotels falls to 40.3% in January

                                        COVID-19 vaccine could be available by October after “world first” facility in Beijing granted production approval

                                        Macau health authorities to focus on casino workers in second stage of vaccination rollout

                                        Trending Tags

                                        • JAPAN
                                          Las Vegas Sands unlikely to return to Japan despite potential Tokyo lure

                                          Japanese Minister says interest of foreign companies shows Japan’s IRs will be profitable

                                          IAG Vice Chairman and CEO Andrew W Scott among speakers as Nagasaki hosts first symposium on international tourism HR development

                                          IAG Vice Chairman and CEO Andrew W Scott among speakers as Nagasaki hosts first symposium on international tourism HR development

                                          Gateway to Japan

                                          Pixel Companyz reports US$8.8 million loss in FY20 but confident in revenue potential of Nagasaki IR

                                          Pixel Companyz recruits Japanese Olympic gymnast Kohei Uchimura as ambassador for Nagasaki IR bid

                                          Pixel Companyz recruits Japanese Olympic gymnast Kohei Uchimura as ambassador for Nagasaki IR bid

                                          Akimoto arrested for fourth time in Japan IR bribery case

                                          Trial of Japanese politician Tsukasa Akimoto on bribery charges set for 29 March

                                          Lawrence Ho says Melco’s China ties will drive Japanese IR growth

                                          Lawrence Ho says Melco still committed to Japan but looking for the “right opportunity”

                                          Trending Tags

                                          • REGIONAL
                                            • All
                                            • Africa
                                            • Australia
                                            • Cambodia
                                            • China
                                            • CNMI
                                            • Europe
                                            • Hong Kong
                                            • India
                                            • Japan
                                            • Laos
                                            • Latin America
                                            • Macau
                                            • Malaysia
                                            • Nepal
                                            • New Zealand
                                            • North America
                                            • North Korea
                                            • Philippines
                                            • Russia
                                            • Singapore
                                            • South Korea
                                            • Sri Lanka
                                            • Thailand
                                            • Vietnam
                                            Analysts agree VIP sector woes to remain for years to come

                                            Macau government sees gaming tax revenue fall 63.6% year-on-year in January

                                            lim kok thay

                                            Genting Malaysia asks staff to take further pay cuts on latest COVID-19 impact: report

                                            Scientific Games, Agilysys lead strong growth in AGEM Index in February

                                            Scientific Games, Agilysys lead strong growth in AGEM Index in February

                                            Sheldon Adelson

                                            Sands sells all Las Vegas assets, focus now on reinvestment in Asia

                                            Korea’s Paradise Co continues upward momentum in February

                                            Paradise Co continues to slide with February casino sales down 36.5% sequentially

                                            Imperial Pacific to “vigorously defend” exclusive gaming rights on Saipan

                                            Imperial Pacific likely to have casino license suspended following admission of multiple violations

                                            Trending Tags

                                            • POWER 50
                                              2020 Asian Gaming Power 50: Top of the World

                                              Singapore Court of Appeals denies Bloomberry’s latest appeal in long-running battle with GGAM over terminated Solaire agreement

                                              Power restored

                                              Power restored

                                              2020 Asian Gaming Power 50: Top of the World

                                              2020 Asian Gaming Power 50: Top of the World

                                              2020 Asian Gaming Power 50: Meet the panel

                                              2020 Asian Gaming Power 50: Meet the panel

                                              2020 Asian Gaming Power 50: Ones to watch

                                              2020 Asian Gaming Power 50 list

                                              2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                                              2020 Asian Gaming Power 50: Number 1 – Francis Lui

                                              Trending Tags

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                                              Gaming development outlook along the Belt and Road

                                              Michael Zhu by Michael Zhu
                                              Wednesday 4 April 2018 at 06:08
                                              Print Friendly, PDF & Email

                                              Michael Zhu, SVP of International Planning and Analysis for The Innovation Group, delves into the benefits that Chinese President Xi Jinping’s “One Belt and One Road” initiative will bring to Asia’s gaming industry.

                                              PRIOR to the current recovery of Macau’s gaming malaise, stakeholders in the Asian gaming industry often heard that China’s anti-corruption campaign, which began in the fall of 2012, was one of the primary factors attributed to the substantial decline of gross gaming revenue in Macau (as well as the surrounding regions).

                                              In contrast, there is another initiative, proposed and supported by the same regime, that appears not to have attracted as many headlines but could have meaningful implications regarding the outlook of Asian gaming development and progress.

                                              THE “ONE BELT AND ONE ROAD” INITIATIVE

                                              On 7 September 2013, during his state visit to Kazakhstan, Chinese President Xi Jinping delivered a speech at Nazarbayev University declaring China and the Central Asian countries should build an economic “belt” along the historical Silk Road, a trans-Eurasian project spanning from the Pacific Ocean to the Baltic Sea. About one month later, on 3 October 2013, President Xi proposed a new “21st century Maritime Silk Road” in his speech at the Indonesian Parliament during his state visit to the country.

                                              The Silk Road Economic Belt and the 21st century Maritime Silk Road Initiative, also known as the One Belt and One Road Initiative, has since become one of China’s most profound state development strategies that focuses on connectivity and cooperation in order to realize massive trade potential and boost economic development among countries through Central Asia to the Middle East, as well as those along the maritime route through Southeast Asia, the Persian Gulf and the Horn of Africa. At a more personal level, the initiative is also an integral part of President Xi’s efforts on his own blueprint for China’s “great rejuvenation” in the new century

                                              BENEFITS TO THE GAMING INDUSTRY

                                              One of the initiative’s primary priorities is to expand the scale of tourism and to enhance its cooperation/interaction with other relevant industries. As witnessed and still ongoing worldwide, the gaming industry has had a wide variety of effects on boosting tourism by acting as a key catalyst for marketing purposes, creating new attraction factors, providing world-class leisure and entertainment facilities and enhancing the quality of hospitality services as well as guest experience.

                                              The availability of gaming facilities has not only fueled the tourism sector to grow and expand rapidly, but has also greatly benefited the gaming industry itself via infrastructure improvements, such as higher airlift capacity, better road systems and more solid economic fundamentals. For example, Asia now boasts a better educated and skilled workforce and higher spending powers within the region. Therefore, there exist a unique interdependence and mutual benefit between these two sectors.

                                              Countries along the Belt and Road have their own resource advantages with unique natural, cultural and ethnic elements. When these elements are offered together with gaming and leisure facilities, they will be able to compose a strongly exotic attraction factor that well caters to today’s Asian (and global) middle-class travelers, especially the outbound Chinese tourists.

                                              What is more important is the fact that growth in either sector leads to more growth in other sectors via additional jobs, incremental foreign investments, higher tax revenues, increased trade volumes of goods and so on, especially in those less developed countries along the Belt and the Road. As casinos and gaming are increasingly becoming legalized in more countries along the routes, it bodes well for expansion of the tourism sector and more gaming establishments in the future.

                                              The initiative has another priority on transport infrastructure construction and improvement projects, which we believe is going to benefit the gaming industry in the long term. Such improvements as massive ground transportation networks (including China’s signature high-speed railways), coordinated connectivity of customs clearance and comprehensive civil aviation cooperation and improvement are going to resolve, or at least alleviate at a minimum, many bottleneck issues for the existing and prospective casino resort properties so that they can provide more guests with better travel experience and realize higher operating efficiency. On the guest front, this would mean less time and hassle on the road, which translates to longer stays, higher frequency of visits and perhaps higher spend for each visit.

                                              Furthermore, China’s direct investments, from both private and government-driven sectors, to the countries on agriculture, forestry, fishery and sophisticated industries such as energy, information technology, machinery manufacturing, ocean engineering and marine bio-pharmacy, are expected to establish a sizable and consistent volume of business travelers through the economic corridors. Additionally, these business activities are going to generate a substantial demand for conferences and exhibitions. International forums and exhibitions at regional and sub-regional levels are expected to be hosted by countries along the Belt and Road, allowing for potential opportunities to develop more business-oriented meetings, incentives, conferencing and exhibitions (MICE) facilities and other supportive amenities to embrace a full-range integrated resort (IR) model.

                                              WHAT HAS BEEN HAPPENING?

                                              In light of the initiative, a cursory review of what the Asian gaming stakeholders have been doing in the past year or two reveals some pioneering progress along the Belt and the Road.

                                              Along the Belt, in the Almaty region of Kazakhstan where the Chinese government has provided funds for construction of a new international airport, the Tengri Resort is being developed to contain hotels, residences, casinos, other leisure amenities and even educational and medical facilities, with involvement from several Asian gaming stakeholders.

                                              In Russia, other than the Tigre de Cristal Resort and the ongoing construction of a casino resort by NagaCorp Ltd in the Primorye Integrated Entertainment Zone (IEZ) near Vladivostok in the Far East region, the approved establishment of gambling zones in Crimea and Sochi remains on the radar of numerous gaming companies.

                                              As the Belt reaches into Europe, Galaxy Entertainment Group Ltd has acquired a stake in the casino firm Société des Bains de Mer (SBM) that operates four casinos and several hotel properties in the Monaco principality, including Casino de Monte- Carlo. Far East Consortium International, a Hong Kong-listed public firm, recently announced that it is in the process of acquiring Trans World Corporation, a company that currently owns and operates three casinos and five hotels in Germany, Austria and the Czech Republic.

                                              In fact, it is a common point of view shared by many industry experts that these opportunities should allow Asian gaming companies to capitalize on the patronage and reach of over 1,000 casinos in the European Casino Association. Although many of them are very small by comparison to their counterparts in Asia, they are in locations and settings that are ideal for creating unique and exotic experiences which are critical to attract some of the millions of tourists currently travelling from China.

                                              Along the Road there are bustling market dynamics in Korea, the Philippines, Vietnam and Cambodia, with a high level of variety both in project type and in scope. Development efforts for Melco Resorts’ City of Dreams Mediterranean are running at full speed, and some intriguing opportunities in Greece have surfaced as well. In consideration of Kerzner International’s extensive relationships with Chinese business partners, it would not surprise to see more footprints of Asian gaming developers and promoters in South Africa’s current and prospective casinos.

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                                              Even for Macau, with its role as a natural bridge between China, Portugal and other Portuguese-speaking countries, the crossregional cooperation initiative is believed to help the tourism sector flourish, diversify the economy and convert Macau into a true world tourism and leisure center.

                                              RESHAPING ASIAN GAMING

                                              With its profound impacts and long-term outcomes, we believe the “One Belt, One Road” initiative has been paving the way for the Asian gaming industry’s next stage of development. The associated trends and changes are going to re-establish the norms and reshape the gaming industry, both in the region and globally, boding well for a brighter future for the industry and its stakeholders.

                                              Share2Share
                                              Michael Zhu

                                              Michael Zhu

                                              With an extensive background and nearly 20 years of experience in the gaming, leisure, and hospitality industries, Michael Zhu became a valuable asset of The Innovation Group in 2014 and has been applying a comprehensive analytical skill set while exploiting a unique cultural context and leveraging his in-depth development and operational experience in the related sectors.

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